Notes to Accounts of Deccan Bearings Ltd.

Mar 31, 2025

2.12 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS:

Provisions involving substantial degree of estimation in measurement are recognized when
there is a present obligation as a result of past events and it is probable that there will be as
outflow of resources. Contingent Liabilities are not recognized but are disclosed in the notes.
Contingent Assets are neither recognized nor disclosed in the financial statements.

2.13 EARNING PER SHARE:

Basic earnings per share is calculated by dividing the net profit or loss for the year
attributable to equity shareholders, by weighted average number of equity shares
outstanding during the period.

Diluted earnings per share is computed by dividing the net profit or loss for the year
attributable to the equity shareholders, by weighted average number of equity and
equivalent diluted equity shares outstanding during the year except where the results would
be anti dilutive.

2.14 CORPORATE SOCIAL RESPONSIBILITY

Section 135 of the Companies Act, 2013 is not applicable to the Company during the financial
year as the turnover and net profit in the preceeding financial year doesnot cross the limits as
specified in this Act.

FINANCIAL RISK MANAGEMENT:

The Company has exposure to the following risks arising from financial instruments:

. Market risk
. Liquidity risk
.Credit risk

In the course of its business, the Company is exposed primarily to aforesaid risks, which may
impact the fair value of its financial instruments. The Company has risk management system.

A) Market Risk:

Market risk is the risk of any loss in future earnings, in realizable fair values or in future
cash flows that may result from a change in the price of financial instrument, liquidity
and other market changes. Future specific market movements cannot be normally
predicted with reasonable accuracy.

A) Market Risk:

Market risk is the risk of any loss in future earnings, in realizable fair values or in future
cash flows that may result from a change in the price of financial instrument, liquidity
and other market changes. Future specific market movements cannot be normally
predicted with reasonable accuracy.

B) Liquidity Risk:

The Company''s principal sources of liquidity are cash and cash equivalents and cash
flow generated from operations. The Company regularly monitors actual cash flows and
forecast to ensure that the Company maintains sufficient liquidity to meet the operation
needs.

C) Credit Risk:

Credit risk is the unexpected loss in financial instruments if the counter parties fail to
discharge its contractual obligations in entirely and timely. The Company is exposed to
credit risks arising from its operating and financing activities such as trade receivable,
loans and advances and other financial instruments. The carrying amounts of financial
assets represent the maximum credit exposure.

Trade Receivables:

Credit risk on trade receivables is limited due to the Company''s diversified customer base.
Other Financial Assets:

The Company does not have significant credit risk from loans and advances given.

29 DISCLOSURE PURSUANT TO INDIAN ACCOUNTING STANDARDS (IND AS) 108
OPERATING STATEMENT :

The Company is engaged in the business of Bearings, which as per Ind AS-108. On Segment
Reporting it is as it considered to be the only reportable business segment, the Company is
operating in the same geographical segment. Therefore Segment wise reporting is not
applicable.

35 Figures of the Previous Year have been regrouped/ recasted wherever necessary to
correspond with the current years’ classification/disclosure.

As per our attached Report of even date

For PAMS & ASSOCIATES For and on behalf of the Board

Chartered Accountants
(FRN. 316079W)

Sd/- Sd/- Sd/-

(MANORANJAN MISHRA) PR1YANKBHAI

VASANTBHAI GHELANI NISHITH TRIVEDI

Partner (M.No.063698) Managing Director & Director

CFO DIN:10332082

DIN :10989804

Sd/-

Place: Mumbai ASHA PAL

(Membership No: A58325)

Dated: 17/05/2025 Company Secretary

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Mar 31, 2024

2.12 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS:

Provisions involving substantial degree of estimation in measurement are recognized when
there is a present obligation as a result of past events and it is probable that there will be as
outflow of resources. Contingent Liabilities are not recognized but are disclosed in the notes.
Contingent Assets are neither recognized nor disclosed in the financial statements.

2.13DEFERRED TAXTATION: Not applicable.

The Company has not recognized Deferred Tax Liabilities using current tax rate. Deferred
Tax Assets/ Liabilities are reviewed at Balance Sheet date for the appropriateness of their
respective carrying value based on the developments/ information available.

2.14 EARNING PER SHARE:

Basic earnings per share is calculated by dividing the net profit or loss for the year
attributable to equity shareholders, by weighted average number of equity shares
outstanding during the period.

Diluted earnings per share is computed by dividing the net profit or loss for the year
attributable to the equity shareholders, by weighted average number of equity and
equivalent diluted equity shares outstanding during the year except where the results would
be anti dilutive.

FINANCIAL RISK MANAGEMENT:

The Company has exposure to the following risks arising from financial instruments:

. Market risk
. Liquidity risk
. Credit risk

In the course of its business, the Company is exposed primarily to aforesaid risks, which may
impact the fair value of its financial instruments. The Company has risk management system.

A) Market Risk:

Market risk is the risk of any loss in future earnings, in realizable fair values or in future
cash flows that may result from a change in the price of financial instrument, liquidity
and other market changes. Future specific market movements cannot be normally
predicted with reasonable accuracy.

A) Market Risk:

Market risk is the risk of any loss in future earnings, in realizable fair values or in future
cash flows that may result from a change in the price of financial instrument, liquidity
and other market changes. Future specific market movements cannot be normally
predicted with reasonable accuracy.

B) Liquidity Risk:

The Company''s principal sources of liquidity are cash and cash equivalents and cash
flow generated from operations. The Company regularly monitors actual cash flows and
forecast to ensure that the Company maintains sufficient liquidity to meet the operation
needs.

C) Credit Risk:

Credit risk is the unexpected loss in financial instruments if the counter parties fail to
discharge its contractual obligations in entirely and timely. The Company is exposed to
credit risks arising from its operating and financing activities such as trade receivable,
loans and advances and other financial instruments. The carrying amounts of financial
assets represent the maximum credit exposure.

Trade Receivables:

Credit risk on trade receivables is limited due to the Company''s diversified customer base.
Other Financial Assets:

The Company does not have significant credit risk from loans and advances given.

29 DISCLOSURE PURSUANT TO INDIAN ACCOUNTING STANDARDS (IND AS) 108
OPERATING STATEMENT :

The Company is engaged in the business of Bearings, which as per Ind AS-108. On Segment
Reporting it is as it considered to be the only reportable business segment, the Company is
operating in the same geographical segment. Therefore Segment wise reporting is not
applicable.

35 Figures of the Previous Year have been regrouped/ recasted wherever necessary to
correspond with the current years'' classification/disclosure.

As per our attached Report of even date

For Suvarna & Katdare For and on behalf of the Board

Chartered Accountants
(FRN. 125080W)

Sd/- Sd/- Sd/-

(RAVINDRA R. SUVARNA) RITESH M. PARAB VINAY H. TENDULKAR

Partner (M.No. 032007) Managing Director Director

DIN :09494605 DIN :00343153

Sd/- Sd/-

Place : Mumbai SNEHA LOHOGAONKAR VIMAL MARVANIA

Dated: 15.05.2024 C S & Compliance Officer Chief Financial Officer

UDIN NO: 24032007BKAJQF825

---

Mar 31, 2015

NOTE NO. 1

RELATED PARTIES DISCLOSURES :

1] Relationship:

(a) Associates:

Deccan Bearings Marketing Pvt. Limited

(b) Key management personnel Kiran N. Vora, Managing Director B. W. Chrisitan, Director

(c) Relatives:

Malini M. Vora Mukesh N. Vora (HUF)

Nirupa M. Vora Nirupa M. Vora (HUF)

SEGMENT REPORTING:

The Company is engaged in the business of Bearings, which as per Accounting Standard AS-17, On Segment Reporting issued by The Institute of Chartered Accountant of India is considered to be the only reportable business segment, the Company is operating in the same geographical segment. Therefore Segment wise reporting is not applicable.

NOTE NO. 2

EARNINGS PER SHARE:

Basic and diluted earning per share has been calculated by dividing net profit available for appropriation for the year by 21,83,334 equity shares of nominal value of Rs. 10/- each, outstanding as on 31 March, 2015

NOTE NO. 3

The Company has not received any intimation from 'suppliers' regarding their status under The Micro, Small and Medium Enterprises Development Act 2006, and hence the Disclosure, if any relating to the amount unpaid as at the year end together with interest paid/payable as required under the said Act have not been given.

NOTE NO. 4

Land at Halol was acquired on lease from Gujarat Industrial Development Corporation.

NOTE NO. 5

Figures of the Previous Year have been regrouped/ recasted wherever necessary to correspond with the current years' classification/disclosure.

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Mar 31, 2014

NOTE NO.1

SEGMENT REPORTING:

The Company is engaged in the business of Bearings, which as per Accounting Standard AS-17, On Segment Reporting issued by The Institute of Chartered Accountant of India is considered to be the only reportable business segment, the Company is operating in the same geographical segment. Therefore Segment wise reporting is not applicable.

NOTE NO.2

The Company has not received any intimation from ''suppliers'' regarding their status under The Micro, Small and Medium Enterprises Development Act 2006, and hence the Disclosure, if any relating to the amount unpaid as at the year end together with interest paid/payable as required under the said Act have not been given.

NOTE NO.3

Land at Halol was acquired on lease from Gujarat Industrial Development Corporation.

NOTE NO.4

Figures of the Previous Year have been regrouped/ recasted wherever necessary to correspond with the current years'' classification/disclosure.

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Mar 31, 2013

NOTE NO.1

SEGMENT REPORTING:

The Company is engaged in the business of Bearings, which as per Accounting Standard AS-17, On Segment Reporting issued by The Institute of Chartered Accountant of India is considered to be the only reportable business segment, the Company is operating in the same geographical segment. Therefore Segment wise reporting is not applicable.

NOTE N0.2

EARNINGS PER SHARE:

Basic and diluted earnings per share has been calculated by dividing net profit available for appropriation for the year by 21,83,334 equity shares of nominal value of Rs. 10/- each, outstanding as on 31 March, 2013

NOTE NO.3

The Company has not received any intimation from ''suppliers'' regarding their status under The Micro, Small and Medium Enterprises Development Act 2006, and hence the Disclosure, if any relating to the amount unpaid as at the yearend together with interest paid/payable as required under the said Act have not been given.

NOTE NO.4

Land at Halol was acquired on lease from Gujarat Industrial Development Corporation. .

NOTE NO.5

Figures of the Previous Year have been regrouped/ recanted wherever necessary to correspond with the current years classification/disclosure.

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Mar 31, 2012

NOTE N0.1

Auditors' Remuneration and expenses charged to the accounts:

2011 2012 2010 2011 Rs. Rs. Audit Fees 30,000 30,000 Tax Audit Fees 25,000 20,000 Others 57,360 43,755

NOTE NO.2

EXPENDITURE IN FOREIGN CURRENCY:

Traveling expenses Rs. 2,30,034/ ( Rs. 2,12,456 }

Imports

(Raw Materials on C.I.F.) Rs. 29,95,597/ ( Rs. 20,44,664 )

(Trading Goods on C.I.F.) Rs.1,77,53,757/ ( Rs. 26,39,465 )

NOTE NO.3

EARNINGS IN FOREIGN EXCHANGE:

Export of Goods(F.O.B) Rs. 15,16,575/ (Rs. 93,03,531 )

NOTE NO.4

RELATED PARTIES DISCLOSUERS :

1] Relationship :

(a) Associates:

Deccan Bearings Marketing Pvt. Limited

(b) Key management personnel Kiran N. Vora, Managing Director B. W. Chrisitan, Director

(c) Relatives:

Malini M. Vora Mukesh N. Vora (HUF)

Nirupa M. Vora NirupaM. Vora(HUF)

2] Transactions with Related parties

amount in Rupees):

PARTICULARS ASSOCIATES KEY MANAGEMENT PERSONNEL RELATIVES 2011-2012 2010-2011 2011-2012 2010-2011 2011-2012 2010-2011 LOANS 9,41,062/ 9,41,062/ 17,35,000/ 17,35,000/ REMUNA RATION 9,52,504/ 9,52,504/ PERQUI SITES 1,84,675/ 1,85,290/ CONTRI BUTION TO PROVIDEND FUND 12,888/ 12,888/ TOTAL REMUNATION 11,50,067/ 11,50,682/



NOTE N0.5

SEGMENT REPORTING:

The Company is engaged in the business of Bearings, which as per Accounting Standard AS 17, On Segment Reporting issued by The Institute of Chartered Accountant of India is considered to be the oniy reportable business segment, the Company is operating in the same geographical segment. Therefore Segment wise reporting is not applicable.

NOTE N0.6

EARNINGS PER SHARE:

Basic and diluted earning per share has been calculated by dividing net profit available for appropriation for the year by 21,83,334 equity shares of nominal value of Rs. 10/ each, outstanding as on 31 March, 2012 2011 12 Amount Rs. 2010 11 Amount Rs. Profit/ (Loss) available to equity shareholders (1,59,213) 1,39,104 Weighted average no. of equity share for basic EPS 21,83,334 21.83,334 Nominal value of equity shares Rs.10 Rs.10 Earning Per Share (Basic/Diluted) 0.07 0.06

NOTE NO.7

The Company has not received any intimation from 'suppliers' regarding their status under The Micro, Small and Medium Enterprises Development Act 2006, and hence the Disclosure, if any relating to the amount unpaid as at the year end together with interest paid/payable as required under the said Act have not been given.

NOTE NO.8

Land at Halol was acquired on lease from Gujarat industrial Development Corporation.

NOTE NO.9

The Financial Statements for the year ended 31st March 2011 had been prepared as per the then applicabie, pre revised Schedule VI to the Companies Act, 1956. Consequent to the notification under the Companies Act, 1956 the Financial Statements for the year ended 31st March 2012 are prepared under revised Schedule VI. Accordingly the previous year figures have also been reclassified to confirm to this year's classification.

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Mar 31, 2010

1] Land at Halol was acquired on lease from Gujarat Industrial Development Corporation.

2] EARNINGS IN FOREIGN EXCHANGE:

- Export of Goods(F.O.B) Rs. 1,69,36,633 /- (Rs. 1,78,26,081/-)

3] Information pursuant to the provisions of Part II of Schedule VI of the Companies Act, 1956 has been furnished to the extent applicable.

4] SEGMENT REPORTING:

The Company is engaged in the business of Bearings, which as per Accounting Standard AS-17, On Segment Reporting issued by The Institute of Chartered Accountant of India is considered to be the only reportable business segment, the Company is operating in the same geographical segment. Therefore Segment wise reporting is not applicable.

5] Figures of the Previous Year have been regrouped/ recasted wherever necessary.